Turpentine, a kind of essential oil, is an important industrial raw material. Turpentine is a liquid extracted from the turpentine of coniferous plants by distillation or other methods. It is mainly composed of terpenes. Turpentine can be mixed with chloroform, ether or acetic acid in any proportion, but is insoluble in water. Turpentine is a flammable liquid with a high flash point. It is volatile and will produce a lot of smoke when it burns. Turpentine fresh from the factory is a colorless liquid with a special odor. Storage for a long time or exposure to air will lead to a gradual yellowing of the color and increase the odor. Turpentine is a renewable resource that is widely used worldwide.
Turpentine derivatives market and dynamic analysis of major companies in various regions of the world
Globally, Asia-Pacific is the largest turpentine derivatives market in the world by revenue. In 2019, Asia-Pacific turpentine derivatives market revenue was $450.95 million, accounting for 37.45% of the global market share. Europe was second with 27.61% share and $335.88 million in revenue. North America is the third largest market by revenue, accounting for 26.59% share with $322.94 million in 2019; South America and Middle East & Africa accounted for only 4.90% and 3.45%, respectively.
camphene accounted for 26% of turpentine derivatives, followed by terpineol and terpineol (23%), pinene (19%), synthetic fragrances (14%), terpene resins (11%), and borneol (5%). Our country produces 2% turpentine oil for export. China began to produce turpentine derivatives in the 1950s, with some development in the 1980s and the real big development after 2000. Today, about 400,000 people are employed in the cultivation and production of turpentine.
Firmenich completed its acquisition of Fujian Green Pine in May ,2020. Fujian Green Pine is a world leader in the development and supply of high-quality, renewable and natural ingredients, and this acquisition will establish Firmenich as a significant player in the field of perfumes and other renewable ingredients. Founded in 1932 and headquartered in Dax, France, Fujian Green Pine has for decades developed a unique integrated business model that includes access to sustainable raw materials, best-in-class extraction and distillation capabilities, and advanced innovative processes. With a turnover of more than 550 million euros, Fujian Green Pine employs more than 1,500 people around the world and operates globally with four production sites in France, the United States, India and China. Fujian Green Pine will further strengthen Firmenich\'s already leading perfumes and ingredients business, enabling the company to offer its customers the world\'s best selection of renewable and sustainable ingredients. Fujian Green Pine will also bring new capabilities in health and nutrition, cosmetics, and many new markets including adhesives, coatings, and agriculture. The acquisition strengthens Firmenich\'s presence in France, its second-largest market.
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Analysis of future development trend of turpentine derivatives
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